Personal Tax Preparation Checklist Below is the information you will need to gather for the preparation of your personal tax returns.Do not hesitate to contact us if you have any questions. (Click Here for Printable Checklist)INCOMELAST YEAR’S tax return not prepared in our office – Federal, State and LocalW-2’s1099’s for Interest and Dividends1099 B’s or year end investment statementsStock/Bond transaction information if not included on year end 1099BInformation about any refunds from the State or Local government regarding overpayment of prior year taxesIRA, Pension or retirement distribution information – may be on a 1099RIRA Rollover/conversion informationSocial Security receipt informationUnemployment receipt informationStock option information for ISO, RSU or ESPP. The more info you can provide the ADJUSTMENTS TO INCOMEHSA contribution/withdrawal information and year end account balanceMoving expense information if you relocated for employment and all expenses were not reimbursed by employerStudent Loan interest this may be on a 1098Education cost information – tuition, books, fees – this may be reported on a 1098. Proof of payment of tuition also required. Please attach CC statement, cancelled check or payment receipt ITEMIZED DEDUCTION INFORMATIONMedical costs – only required if significant. Must meet minimum of 7.5% of yourTax payments to State or Local governments – may include income, per capita, LST, or estimated payments made for during the year to any state, city or municipalityReal Estate TaxesMortgageEquity Line Mortgage Interest. TCJA requires that the use of the funds be detailed and only interest related to funds used to buy, build or substantially improve a personal residence can be deducted. Please provide a history of the use of your home equity line if you want thisMortgage insuranceCharitable Contributions – cash and non cash. Summarized by charity CREDIT INFORMATIONChild Care Information including name, address, phone number, EIN and AmountResidential Energy Credit Applicable PurchasesEducation Credit Information – TuitionAny estimated tax payments that were made during the yearRENTAL PROPERTIES (Request Sch E organizer for you to complete)Rental incomeAdvertisingCleaning and MaintenanceCommissionsInsuranceProfessional FeesManagement expensesMortgage interestReal estate taxesRepairsSuppliesRental permits or license feesUtilitiesCapital improvement or new fixed asset acquisition informationDepreciation schedules if you are a new clientSettlement statements for all real estateSELF EMPLOYMENT INCOME (This applies if you received any 1099-NEC forms or worked as a subcontractor)Best prepared on QuickBooks. Please print a CASH BASIS Balance Sheet and Profit and Loss Comparative so it shows current and prior year information. If you do not use an accounting software please request a Sch. C for you to complete.Income, Revenue, SalesCost of goods sold – This is the amount you paid for what you resoldAdvertisingCar and Truck Expenses (I can send you another worksheet that details out the information I need)Subcontractor costsInsuranceHealth Insurance – please have this amount separateInterest – if any for large loans on equipment or working capitalLegal and Professional FeesOffice ExpensesRentRepairs and MaintenanceSuppliesTaxes and LicensesTravel – out of town – hotels, rental cars, airlinesUtilitiesTelephoneInternet, if separatePayroll – This should tie into your 941 reportsPayroll TaxesWorkers Comp InsuranceBank Service charges, Merchant Fees, Credit Card Processing FeesDues and Subscriptions, Membership fees to professional organizationsContinuing EducationPostage and DeliveryMealsEntertainmentComputer ExpensesToolsUniformsCapital improvement or new fixed asset acquisition informationDepreciation schedules if you are a new clientSettlement statements for all real estate HOME OFFICE (Only available as a deduction accompanied with Sch C, Sch E or Sch F)Total Home square footageOffice Square footage. This space must be used EXCLUSIVELY and REGULARLY for businessMortgage InterestReal Estate TaxesHome Owners InsuranceHome Owners Association FeesUtility Costs – Electric, Gas, Oil, Sewer, Trash. Report separatelyTelephone/InternetPurchase price of home for depreciation of home office Have a Question Name Email Address Phone Question Thank you! Oops!